[WSBARP] Excise Tax on D/T

[Scott Hildebrand]

Colleagues:

 

PC is beneficiary of a D/T on property 1.

Grantor on property 1 wants to buy another property and PC would transfer
encumbrance to property 2.

Property 1 would then be free and clear and could be sold. D/T would have to
be reconveyed.

Can I accomplish this without paying excise tax, or, because there is a
reconveyance, excise tax would have to be paid on property 1?

 

Thank you,

Scott Hildebrand

 

 

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